Dubai Gold Souq | Dubai Gold Market
Last updated on January 31st, 2023 at 02:07 pm
If you are looking for El Dorado, it might be wiser if you looked somewhere in the direction of the Middle East. Dubai or the City of Gold is known worldwide for its gold markets. This is not just any other gold; you get ornaments of the highest quality and most attractive designs. The razzle and dazzle could leave you confused. You wouldn’t know where to begin and you would wish you could run in all directions at once! These numerous rows of shops showcase a wide range of stunning gold jewelry from flamboyant to delicate pieces of creation.
The Dubai gold souk is situated in the center of the city’s commercial district – Deira’s locality of Al Dhagaya. It lies north of the Dubai fish and vegetable market. There are more than 300 gold retail stores that mostly trade in jewelry. It is said that at any given time, there is at least 10 tons of gold present in the souk. Apart from gold, the Dubai gold souk also houses precious stones as well semi-precious gems like diamonds, rubies, emeralds, opals, amethysts, sapphires and many others. World famous jewelry brands like Damas, ARY Jewellery, Prima Gold, Joy Alukkas Jewellery along with other minor stores can be found on these bustling streets.
If your eyes get tired of all the shimmering and glittering of the color of gold, you will find white, yellow, pink, and green gold! They are a sight for sore eyes and first-timers can marvel at this unusual color of gold. The stores have gone out of the way to present to their customers the various designs they have of necklaces, bracelets, bangles, rings, earrings et al. Apart from traditional pieces, there are others with contemporary as well as extremely original styles. You can feast your eyes on the endless display of ornaments and come back the next day to look at them again.
Women who are with their spouses can convince their spouses to splurge without any hesitance. They don’t have to feel guilty when the bill has been made. This is because the gold at this souk is extremely cheap compared to the stores anywhere else in the world. The stores at the Dubai gold souk do not have to pay any duty or taxes for their merchandise. But don’t be mistaken; you will still find beautiful works of art at very affordable prices. Customers do not have to pay for the pattern of the ornaments, but for the weight of the gold.
Since gold is considered an asset, go all out at the Dubai gold souk. You will need the whole day to cover the entire length of the souk and its famous Dubai jewellers. But it will be better to allot a couple of days if you want to thoroughly check out the stores. People from Europe, US and Asia are seen frantically haggling with the store personnel. This is a common phenomenon, so don’t be intimidated. You want to get the best value for your money, don’t you?